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6.1(2) Holidays Falling on Saturday. Sunday or Scheduled Day Off When a holiday falls on a Sunday, the following Monday shall be observed; when a holiday falls on a Saturday, the preceding Friday shall be observed; except that if Christmas Eve day falls on a Saturday or Sunday, the preceding Friday shall be observed. If a holiday falls on an employee's scheduled time off, compensatory time off shall be granted or, at the option of the employee, compensation at a rate of pay equal to his regular rate of pay for the holiday period shall be granted. 6.1(3) Floating Holidays Each management employee, except fire battalion chiefs, shall be credited with three (3) floating holidays on July 1st of each year. Management and confidential employees hired full -time after July 1st, but on or before December 31st, of any given year shall be credited with one (1) floating holiday. Floating holidays must be observed in the fiscal year in which they are credited. Section 6.4 Vacation 6.4(1) vacation Eligibility /Allowance Full -time management and confidential employees, except fire battalion chiefs with six or more months of service shall be entitled to vacation with pay in accordance with the following schedule: (1) One (1) through four (4) years of continuous service ten (10) vacation days. (2) Five (5) through ten (10) years of continuous service fifteen (15) vacation days. (3) Eleven (11) through fifteen (15) years of continuous service - twenty (20) vacation days. (4) Sixteen (16) years of continuous service and above - twenty (20) vacation days plus one (1) additional vacation day for each year of service over fifteen years of service to a maximum of twenty -five (25) vacation days. 6.4(2) Fire Battalion Chiefs with six months or more of service will be entitled to vaction in accordance with the following schedule: (1) One (1) through five (5) years of continuous service - 6 shifts. - 8 -